FINANCIAL NEWS

Taranaki Central Press, Volume IV, Issue 366, 22 February 1937, Page 6

FINANCIAL NEWS

BASE METALS MARKET Prices Advance Sharply. Loudon, February 19. The. official London (mingle) quotation for Friday, as reported bjf the Australian Mi.z - and Metals Association. compare with thpse pre ’?■ ously . qapled as follow o:

Fine 20 l-Bd. 20 1-l Gd. Standard,per oz. 2111-164.. 21 5-Bd. FOREIGN EXCHANGES On New Zealand Currency Basis. The Bank of New South Wales, Wellington ,quoted the fallowing rates for their purchases and sales of foreign exchanges:— New Zealand Bu, * g. Selling, on-.pl, ■ London-T.T. 124 124/10/-

d. to 1 dol. O.D. 34 41-64 35 13-64 The Associated Banks (other than i the Bank of New South Wales) quoted I the following dollar rates on Saturday ion a New Zealand currency basis. Th y are subject to alteration without i notice. U.S.A. Dol. Canadian Dol I Selling (Per £1 N.Z.) (Per £1 N.Z.) T.T. 3.92 1-8 3.921 O.D. 3.92 5-8 3.92? Buying O.D, 3.97 3.96 7-8 r* >-| N.Z. Pound Abroad. S' Based on figures quoted by the §ri?iny of New South Wales, the New “CZeaiaod prund, compared with its oriJ g'ual par value, is equivalent to ap- ; proximately:— I 16/1 in London £l/0/1 in Australia. i 16/14 in U.S.A. I 16/11 in Canadiij . ..13/62 in Frahci* I 16/15 in j 9/6 in German:??.'/. 11/85 in Java. ;, . I ‘2l/8/11 in Japafl.

Feb. IS. Feb. 19. P- tog let t< Copper— £ s. d. £ Standard, spot 59 18 li 63 13 St Do., for a d. 59 78 11 63 13 9 Elec iroly&fi «. 65.. 0 0 68 0 0 to CG 0 0 69 10 0 Wire bars .. 66 t b 0 69 19 0 Lead—Spot ......... 2. 12 6 30 0 0 Farwa|’ . . 28 12 6 30 0 O’ Spelter— Spot' ; 27 1 3 27 1.7 6 Farwit'’ .... 27 13 9 27 17 6 Tin: — Spot 234 2 6 2’40 12 6 Forward .... S3 17 6 241 2 6 SiWfr-i-

£N.Z. to £ stg. 100 . O.D. laJ/10/-124/8/9 Australia .. T.T’. — — £A to £100 O.D. 101 -oo/io/Fiji T’T. — — £F to-£10( ) O.D. 90/7/6 89 New* York . T.T. 3.953 3.921-h Doi. to £. O.D. 3.97 3.92 5-8 Montreal .. T.T. 3.953 3.92? Doi. to £ . O.D. 3.97 3 92? Austria T.T V — 20.58 Schgs. to <£ (Kit. — 2 ' "0 Belgium .... T.T. — 23.182 Frs. t® £.. O.D. — 23.193 Czechoslovak T.T. — 111.88 Cfs. to £. O.r — 11L93 Denmark T.T. 18.203 17,893 Kr. to « . . O.D. 18.263 17.903 France T.T. _ 84.23 Frs. to £ . O.D. — 84 f .27 Germany ... . T.T. — 9.697 R.M. to £. O.D. — 9.702 Holland .... T.T. 7.289 7.139 FIs. to £. O.D. 7.349 7.143 Italy , , T.T. — 74.49 Lire to £ . O.D. — 74.54 Java ....... T.T 7.257 7.097 FIs. to\£ . O.D. 7.317 7191 Norway \ W T.T 16 181 15 391 Kr. to £ . O.D. 18341 15 901 Sweden ... T.T. 15 785 15.490 Kr. to •O.Jh . 5.84.5 11 500 Switzeralnd. < ;• ’T.’f, 17.411 17.141 Frs. to .£, . O.D. 17.516 17.146 Shanghai •.. . •T.i. :7 ’“-16 1 - 5-10 d. to 1- dpi. O.D. 17 25-32 18 1'M4 Hong Kang. T.T. 18’9-32 18 25-32 d. to ftdol. O.D. 18’ 18 49-64 India and Ceyloit... T.T. 22 13-32 22 11-16 d. to rupee O D' 22 3-8 22 43-64 Japan T.T. — 17 ‘ 1 54 d. to 1 yen , O.F — 17 15-32 Singapore ... T.T, 34 47-64 37 7-32